Top Company News of the Day: Apple, Huawei, Bed Bath & Beyond, Spotify

Apple Becomes the Biggest U.S.-China Pawn Yet

Few companies are safe if the iPhone maker isn’t immune to China’s retaliation.

Huawei Hits Back at Apple in China With New High-Speed Phone

With 5G-like speeds, the device is creating buzz among Chinese fans after Beijing banned the use of iPhones at some government offices.

SEC Probes Ryan Cohen’s Bed Bath & Beyond Trades

The billionaire took a $120 million position in the housewares retailer and then abruptly sold it.

Spotify to Offer Paying Subscribers Free Audiobook Trial

The audio streamer will test the program with listeners to learn about customer demand for audiobooks.

Las Vegas Hotel Workers Move Closer to Potential Strike

The unions for more than 50,000 housekeepers, bartenders and other staff are seeking higher wages and an increase in on-the-job security protection.

Goldman Sachs CEO David Solomon says he doesn’t recognize ‘caricature’ that critics have painted of him

Banking chief says, ‘I don’t recognize the caricature that’s being painted of me’ after critical reports of him by the WSJ, NY Times and other publications

DocuSign stock rises after earnings beat and raised outlook, despite macro pressures

DocuSign shares rose after hours Thursday after the e-signature company beat on earnings and hiked its outlook for the year.

AMC Stock Closes at a Record Low as Meme Music Fades

Shares of the movie theater firm have fallen 98% from their meme-stock highs of 2021.

Walmart Cuts Starting Pay for Some New Hires

Revised compensation structure will allow for better staffing throughout stores, retailer says.

RH warns that luxury housing will remain challenging amid higher mortgage rates

Luxury furniture retailer RH on Thursday reported second-quarter results that topped estimates, and offered up a slightly more optimistic full-year forecast.

Source: Dow Jones Newswires


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